UK Ferrous Scrap Exports Dipped by a Tenth

SEATTLE (Scrap Monster): The lockdowns imposed by various governments to tackle the spread of Covid-19 has impacted ferrous scrap shipments. The UK shipments recorded 10% decline over the previous year in March this year.

The UK scrap exports totalled 720,818t of ferrous scrap during the month. This is 10.6% lesser when compared with the exports during the same month a year before. The fall in export volumes is mainly attributed to the global dip in demand and the trade restrictions on account of lockdowns.

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Turkey continued to be the key overseas scrap market. The exports to that country totalled 257,362t, accounting for nearly 36% of the total exports by the UK. The scrap shipments to Turkey recorded 21% decline over the year.

The south Asian region too witnessed increased imports from the UK, led by Pakistan and India. The shipments to Pakistan skyrocketed by 89% year-on-year to total 110,438t. India too reported 13.2% rise in exports from the UK, which amounted to 88,458t. On the other hand, exports to Bangladesh tumbled by over 66% to 19,924t, upon comparison with March last year.

The total container shipments out of the UK increased significantly in March. Felixstowe port shipments surged higher by one-fifth to total 118,890t of ferrous scrap. London Gateway container port too registered an uptick of over 16% to 63,779t during the month.